Registration number: 03013651

Leywell Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Leywell Limited

(Registration number: 03013651)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	2,614	2,326
Other financial assets	5	2	2
		2,616	2,328
Current assets
Stocks		135,000	135,000
Debtors	6	5,690	7,117
Cash at bank and in hand		22,175	60,720
		162,865	202,837
Creditors: Amounts falling due within one year	7	(127,944)	(158,190)
Net current assets		34,921	44,647
Total assets less current liabilities		37,537	46,975
Creditors: Amounts falling due after more than one year	7	(3,449)	(9,247)
Net assets		34,088	37,728
Capital and reserves
Called up share capital		2	2
Retained earnings		34,086	37,726
Shareholders' funds		34,088	37,728

Leywell Limited

(Registration number: 03013651)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 July 2025
 

......................................... Mr P Galletley Director

Leywell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
15 Mill Hill Drive
Sandbach
Cheshire
CW11 4PW
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Leywell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% on reducing balance
Computer equipment	33% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

Leywell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	5,589	3,118	8,707
Additions	1,415	-	1,415
At 31 December 2024	7,004	3,118	10,122
Depreciation
At 1 January 2024	3,863	2,518	6,381
Charge for the year	1,037	90	1,127
At 31 December 2024	4,900	2,608	7,508
Carrying amount
At 31 December 2024	2,104	510	2,614
At 31 December 2023	1,726	600	2,326

5	Other financial assets (current and non-current)

	2024 £	2023 £
Non-current financial assets
Financial assets at fair value through profit and loss	2	2

6

Debtors

Current		2024 £	2023 £
Trade debtors		3,565	1,459
Amounts owed by related parties		192	192
Other debtors		1,933	5,466
		5,690	7,117

Leywell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

		2024 £	2023 £
Due within one year
Loans and borrowings		75,951	108,801
Trade creditors		17,840	6,421
Taxation and social security		1,274	7,463
Other creditors		32,879	35,505
		127,944	158,190

Creditors: amounts falling due after more than one year

		2024 £	2023 £
Due after one year
Loans and borrowings		3,449	9,247